CBN stops outbound IMTO transactions, also limits inflow payouts to Naira
The Central Bank of Nigeria (CBN) has restricted the operations of international money transfer operators (IMTOs) to only inbound transfers, ...
Tag: Naira
Exchange rate closes tumultuous week at N1,435.53/$1 at official market despite CBN policies
Naira gained against the dollar on Friday, 3rd February 2024 at the official market but declined at the black market.
Naira dips marginally to N1,461.90/$1 despite CBN’s removal of IMTOS FX cap
Naira has recorded a marginal drop at the official market to N1,461.90 per dollar at the first trading day in ...
Naira rallies at black market now N1450/$1, official market also gaining
Naira has fallen to a record low of N1,515 per dollar following strong demand on the parallel market, also known ...
Naira depreciates by 37.6% at official market in January 2024
The exchange rate between the naira and dollar closed the month of January at N1,455.59 representing a whopping 37.6% depreciation ...
Exchange rate closes January 2024 at N1,455.59/$1 at the official market
Naira gained against the dollar on Wednesday, 31st January 2024 at the official market after it plunged to a record low of N1,482.57 ...
Naira depreciation threatens 2023 dividends for companies with foreign liabilities- Operators
Some capital market operators have cautioned that quoted companies burdened with foreign liabilities or heavily dependent on imported inputs could ...
Naira falls to record low of N1,482.57/$1 at the official market
Naira continued its free fall on Tuesday, sinking to a record low of N1,482.57 per dollar following strong demand on the ...
NAFEM Exchange rate falls to record low of N1348/$1
Naira on Monday fell to a record low of N1,348.63 per dollar following strong demand on the official market, also ...
Naira appreciates to N891.90/$1 at official market
Naira gained against the dollar on Friday, 26th January 2024 at the official market but closed flat at the black market.
